Possible Flip in Sacramento Area (Ca) - Advice/Lenders?

[Amanda Lawson]

Hi Everyone,

This will be the first deal that my husband and I are working on together as a team, as the other 3 I have done I did by myself. My husband and I have been taking classes and going on tours to become further educated about the Fix & Flip business and how it works in more detail. We are now connected with an elite group of area investors to help lend their expertise.

Property Info:

3 bedrooms, 2 1/2 bathrooms. 2086 sq. ft. Built 1956.

Financial Breakdown

Purchase Costs

Purchase Price:	($315,352.03)
Purchase Closing Costs:	($9,352.00)
Total	($324,704.03)

Rehab Costs

Total Rehab Costs:	($45,000.00)
Total	($45,000.00)

Holding Costs

Monthly Holding Costs:	($2,391.00)
Total Days Held:	50
Total	($3,985.00)

Sales Costs

Sales Price After Fix Up (ARV):	$425,999.00
All Selling Closing Costs:	($1,660.00)
Real Estate Agent Fees:	($10,649.98)
Total	$413,689.03

Total Profit for Flip

$40,000.00

This property is in a great neighborhood in the desirable Fair Oaks area. Although it doesn't need a complete overall, we have plans for the landscaping and curb appeal as well as updating the bedroom in 2nd level to Master bedroom by adding closet and converting the 1/2 bath to full bath.

Some of the other changes we have planned are:

- Roof

- Paint/ Flooring/ Lights

- Open Kitchen Walls and bath remodels

We're looking to find the right financial investor to take our Family's dream of doing this as a team, as well as my extensive connections through working in Real Estate & Title & Escrow for 10 years, and making it a profitable reality for everyone involved.

We appreciate your time and consideration!

**Additional Details available by request!